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20121121
20121129
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harry reid and mitch mcconnell sent stocks to session lows. this morning we look to open to the downside. implied open down 25. s&p looking to lose five. beige book home sales ahead. as for picture in europe, a bailout for four spanish banks getting approval from the eu. still stocks are down. italy down by almost one full percentage point. road map for the morning starts off with the fiscal cliff. the president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. >> costco joins the dividend parting initiating a $7 a share payout on top of the regular dividend. >> and a shake-up at groupon. the board may be considering co-founder being released. >> there's powerball fever. 500 million big ones in the pot. how would you spend the money and how does the fiscal cliff factor in? we'll talk strategy with a former lottery winner. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are
reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
. there is a theory -- patty murray is a prominent democrat. doesn't have the name recognition of harry reid. she clearly says if we don't get what we want, let's go over the cliff. this is the most important part. we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this conversation eating spam in cave in the woods. >> that's good to know. he may be judging from what his weekends are like. >> that's an official view. >> where's the love? happy holidays to everybody. >> spam is not good. >> it's delicious. >> dan, thanks for stopping by. sears, kmart, walmart, best buy adding last-minute deals to sales list for black friday shoppers. find out what the deals are
Search Results 0 to 2 of about 3